Answer:
D
Step-by-step explanation:
This is exponential growth, and to my understanding, the format goes:
<em>initial amount (percent growth/ decay)^time</em>
percent growth = (<em>decimal percent + 1)</em>
<em>percent decay = (1 - decimal percent) </em>
Your equation:
1500(1.02)^t
Using the above format, 1500 appears to be the initial amount, which increases by 2% per annum.
i think
